General Motors Company’s stock price (GM) rose in the intraday levels, amid the dominance of the main upward trend in the medium term, with positive pressure from the 50-day SMA, coupled with positive signals from the RSI despite reaching overbought levels.
Therefore we expect more gains for the stock, targeting the resistance of 45.00, provided the support of 41.00 holds on.
Trend forecast: Bullish
Blackrock’s stock price (BLK) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending it positive momentum which helped it snag these gains, amid the dominance of the main upward trend in the short term, with a positive divergence forming in the RSI after reaching oversold levels, sending out positive signals.
Therefore we expect more gains for the stock, targeting the resistance of 845.00, provided the support of 795 holds on.
Trend forecast: Bullish
Visa’s stock price (V) climbed in the intraday levels amid the total dominance of the main upward medium-term trend, while trading alongside the secondary short-term trend line, supported by trading above the 50-day SMA, and boosted by positive signals from the RSI despite settling at overbought saturation levels.
Therefore we expect more gains for the stock, targeting the main resistance at 300.00, provided it settles above 286.00.
Trend forecast: Bullish
Oracle Corporation’s stock (ORCL) rose in the intraday levels amid positive support from the 50-day SMA, and with the dominance of the main upward trend in the medium term, as the stock trades alongside the secondary short-term trend line, while countered by negative signals from the RSI after reaching overbought levels, which could hinder upcoming gains.
Therefore we expect the stock to rise and target the resistance of 135.30, provided it settles above 127.55.
Trend forecast: Bullish